that was the first I heard about it.
"complete the data room" seems to mean "farmin process" or "alignment of interests" in J/V.
the "funding strategy" they say is determined.
so they know how the funding will be arranged ie mix project debt, corporate debt, farmout %, and possibly a little equity.
so they are awaiting final figures from FEED, to then finalise farmout and % of j/v, then confirm funding, then FID.
somewhere in there they will confirm the last of the GSAs.
the graphs show that Sole will be at the low end of the scale, so with capex costs looking like they are coming down each day, and operating costs also dropping, it looks like the margins and profits will be most attractive.
this is looking like a good investment.
cheers
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that was the first I heard about it. "complete the data room"...
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